U.S. insurance giant Allianz Life said on Saturday that hackers stole the personal information of the majority of its custom
ers, financial professionals, and select Allianz Life employees in the United States.
The insurance giant’s filing with Maine’s attorney general did not immediately provide the number of customers affected.
As per the filing, the data breach, which the company described as a hack, occurred on July 16 and was discovered on July 17.
The data breach was first reported by TechCrunch.
“On July 16, 2025, a malicious threat actor gained access to a third-party, cloud-based CRM system used by Allian
z Life Insurance Company of North America (Allianz Life). The threat actor was able to obtain personally identifiable data related to the majority of Allianz Life's c
ustomers, financial professionals, and select Allianz Life employees, using a social engineering technique,” a counselor for Allianz Life told Reuters in an emailed statement.
This incident is related only to Allianz Life in the U.S., which currently has 1.4 million customers, the company said.
The insurance giant said it notified the FBI and relied on its o
ngoing investigation that there is no evidence the Allianz Life network or other company systems were accessed, including their policy administration system.
(Reporting by Harshita Meenaktshi in Bengaluru; editing by Diane Craft).
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Turning to commercial transportation, Berkley again highlights MGA activity in the marketplace. “W
e continue—and others—seem to be pushed for rate, but without a doubt, the MGA participants are creating at least a short-term headwind for that market truly going hard.
“My expectation is that that’s a bit of a kink in the hose…Consequently, it is going to build up pressure and ultimately, will inure to the benefit of responsible long
-term participants when that snaps and the market shifts.”
As for professional liability, Berkley reported that the public D&O market “is beginning to find some sense of bottom,” while the private and non-for-profit D&O spaces remain particularly competitive. He again flagged the MGA component contributing to competition on miscellaneous professional liability classes.